Can I retire at age 60 with 900,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator

About Your Retirement ?

Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:

Portfolio ?

% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$74,321$73,659$73,013$72,383$71,767$68,947
2 years$36,793$36,107$35,443$34,799$34,175$31,368
3 years$24,285$23,597$22,934$22,296$21,682$18,977
4 years$18,032$17,346$16,690$16,063$15,464$12,881
5 years$14,281$13,599$12,952$12,338$11,755$9,302
6 years$11,782$11,105$10,467$9,867$9,302$6,978
7 years$9,997$9,326$8,698$8,112$7,565$5,371
8 years$8,659$7,994$7,377$6,805$6,276$4,210
9 years$7,619$6,960$6,354$5,796$5,285$3,344
10 years$6,787$6,135$5,539$4,997$4,503$2,682
11 years$6,108$5,462$4,877$4,348$3,873$2,169
12 years$5,541$4,902$4,328$3,814$3,356$1,764
13 years$5,063$4,430$3,867$3,367$2,927$1,442
14 years$4,653$4,027$3,474$2,989$2,565$1,183
15 years$4,298$3,679$3,137$2,666$2,259$973
16 years$3,987$3,375$2,844$2,387$1,996$803
17 years$3,714$3,108$2,588$2,145$1,770$664
18 years$3,471$2,872$2,362$1,933$1,574$550
19 years$3,254$2,662$2,163$1,746$1,403$456
20 years$3,059$2,474$1,985$1,582$1,253$378
21 years$2,883$2,304$1,826$1,436$1,121$314
22 years$2,722$2,151$1,683$1,305$1,005$261
23 years$2,577$2,012$1,554$1,189$902$218
24 years$2,443$1,885$1,437$1,084$811$181
25 years$2,320$1,769$1,331$990$730$151
26 years$2,207$1,662$1,234$905$657$126
27 years$2,103$1,564$1,146$829$593$105
28 years$2,006$1,474$1,065$759$535$87
29 years$1,916$1,391$991$696$483$73
30 years$1,832$1,313$924$639$436$61
31 years$1,754$1,242$861$587$394$51
32 years$1,680$1,175$803$539$357$42
33 years$1,612$1,113$750$496$323$35
34 years$1,547$1,054$701$456$292$29
35 years$1,487$1,000$655$420$265$25
36 years$1,429$949$613$387$240$20
37 years$1,375$902$574$356$217$17
38 years$1,324$857$537$329$197$14
39 years$1,276$815$503$303$179$12
40 years$1,230$775$472$279$162$10
41 years$1,187$738$442$258$147$8
42 years$1,146$703$415$238$133$7
43 years$1,107$670$389$220$121$6
44 years$1,069$638$366$203$110$5
45 years$1,034$609$343$187$100$4
46 years$1,000$581$322$173$91$3
47 years$968$554$303$160$82$3
48 years$937$529$285$148$75$2
49 years$907$505$267$136$68$2
50 years$879$482$251$126$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $900,000, adding $4,559 every year, while hoping to spend $40,365 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 53/32/15 Blend
59$900,000$900,000$900,000$900,000
60$996,503$948,803$934,853$1,045,085
61$1,055,198$952,346$923,222$1,082,316
62$1,118,527$954,710$909,849$1,118,125
63$1,186,920$955,794$894,633$1,156,181
64$1,260,851$955,492$877,467$1,196,706
65$1,340,837$953,691$858,242$1,239,948
66$1,427,450$950,270$836,841$1,286,184
67$1,521,318$945,101$813,143$1,335,718
68$1,623,131$938,049$787,022$1,388,888
69$1,733,648$928,971$758,344$1,446,069
70$1,853,704$917,715$726,973$1,507,676
71$1,984,217$904,118$692,762$1,574,170
72$2,126,197$888,010$655,560$1,646,059
73$2,280,757$869,211$615,209$1,723,907
74$2,449,119$847,527$571,543$1,808,339
75$2,632,629$822,756$524,390$1,900,046
76$2,832,769$794,682$473,568$1,999,794
77$3,051,169$763,079$418,890$2,108,429
78$3,289,624$727,705$360,159$2,226,888
79$3,550,109$688,306$297,167$2,356,207
80$3,834,799$644,612$229,701$2,497,534
81$4,146,088$596,339$157,536$2,652,136
82$4,486,614$543,184$80,439$2,821,416
83$4,859,278$484,830$0$3,006,926
84$5,267,278$420,940$0$3,210,673
85$5,714,133$351,158$0$3,448,017
86$6,203,719$275,109$0$3,708,208
87$6,740,305$192,397$0$3,993,606
88$7,328,593$102,601$0$4,306,816
89$7,973,761$5,280$0$4,650,713
90$8,681,512$0$0$5,028,471
91$9,458,128$0$0$5,478,819
92$10,310,529$0$0$5,975,246
93$11,246,336$0$0$6,520,341
94$12,273,946$0$0$7,119,009
95$13,402,607$0$0$7,776,649
96$14,642,508$0$0$8,499,210
97$16,004,874$0$0$9,293,247
98$17,502,068$0$0$10,165,981
99$19,147,715$0$0$11,125,364
100$20,956,822$0$0$12,180,162